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Parex Resources Inc (PXT.TO)

PXT.TO on Toronto Stock Exchange

18.80CAD
11 Oct 2019
Change (% chg)

$0.33 (+1.79%)
Prev Close
$18.47
Open
$18.84
Day's High
$18.88
Day's Low
$18.58
Volume
361,848
Avg. Vol
608,172
52-wk High
$23.51
52-wk Low
$13.62

Summary

Name Age Since Current Position

Wayne Foo

62 2017 Chairman of the Board

David Taylor

62 2017 President, Chief Executive Officer, Director

Kenneth Pinsky

2012 Chief Financial Officer, Corporate Secretary

Eric Furlan

2018 Chief Operating Officer

Ryan Fowler

2017 Senior Vice President - Exploration & Business Development

Curtis Bartlett

56 2009 Independent Director

Lisa Colnett

61 2015 Independent Director

Robert Engbloom

69 2009 Independent Director

G. MacDougall

55 2016 Independent Director

Glenn McNamara

66 2016 Independent Director

Ronald Miller

53 2009 Independent Director

Carmen Sylvain

58 2017 Independent Director

Paul Wright

59 2009 Independent Director

Biographies

Name Description

Wayne Foo

Mr. Wayne Kim Foo is Chairman of the Board of the Company effective., May 11, 2017. He is no longer a Chief Executive Officer, Director of Parex Resources Inc., effective May 11, 2017. Mr. Foo is Chief Executive Officer of Parex since September 29, 2009. President of Parex from September 29, 2009 to November 5, 2015. President and Chief Executive Officer of Dominion Energy Canada Ltd. from 1998 to October 2002, and then Consultant to March 2003. Director of Pengrowth Energy Corporation.

David Taylor

Mr. David R. Taylor is President, Chief Executive Officer, Director of the Company, since May 11, 2017. He is no longer serves as President of the Company effective May 11, 2017. He was Executive Vice President Exploration and Business Development of Parex from September 29, 2009 to November 5, 2015. Prior thereto, Vice President, Exploration and International Operations with Husky Energy from August 2000 to July 2007 and Vice President, Exploration for Renaissance Energy from June 1998 to August 2000.

Kenneth Pinsky

Mr. Kenneth Pinsky serves as Chief Financial Officer, Corporate Secretary of Parex Resources Inc. Mr. Pinsky was Previously, Chief Financial Officer of Ultima Energy Trust, a TSX listed Royalty Trust from 2001 to June 2004, and the Chief Financial Officer and director of a Canadian based private exploration and production company from September 2004 to January 2008.

Eric Furlan

Mr. Eric Furlan serves as Chief Operating Officer of the Company. He is Currently Chief Operating Officer of Parex, Senior Vice President of Engineering of Parex from 2017 to 2018 and Vice President of Engineering of the Company from 2012 to 2017. Mr. Furlan also served as the General Manager of Development at PARI. He has also held leadership and senior technical positions with Chevron Corporation both in Canada and internationally.

Ryan Fowler

Mr. Ryan W. Fowler is Senior Vice President - Exploration & Business Development of the Company. Mr. Fowler has almost 30 years of experience in exploration and production activities in Canada and Internationally since entering the oil and gas sector in 1988. He served as Vice President Exploration for Parex from 2012 to 2017. As New Ventures Exploration Manager for Petro Andina and then Parex from 2008 to 2012, he was directly involved in Petro Andina’s entry into and Parex’s success in Colombia. Prior to joining Petro Andina, Mr. Fowler held management positions in Northern Alberta production and International New Ventures at Husky Energy from 2005 to 2008. He also held various senior technical positions at Husky Energy, Canadian 88 Energy, and Rigel Oil & Gas focused on foothills and deep basin exploration in Alberta, British Colombia, the NWT, and Wyoming after starting his career as a geologist at Amoco Canada. Mr. Fowler graduated from the University of British Colombia in 1988 with a Bachelor of Applied Science in Geological Engineering.

Curtis Bartlett

Mr. Curtis D. Bartlett is Independent Director of the Company. He is Co-founder and Partner at Lorem Partners, a private equity investment firm. Over 30 years of experience as an entrepreneur and manager, private equity and investment banker. Director of several private companies. Member of the Institute of Corporate Directors having completed the Directors Education Program.

Lisa Colnett

Ms. Lisa J. Colnett is Independent Director of the Company. She is Currently a Director and Chair of the Human Resources and Governance Committee of Parkland Fuel Corporation, an independent marketer of fuels across Canada and Detour Gold Corporation, a public intermediate gold mining company whose activities are in Northeastern Ontario. Ms. Colnett brings over 20 years of experience in human resources for a variety of industries ranging from mining to information technology. Since 1991, Ms. Colnett has held senior roles in human resources, information technology and strategy including Senior Vice President and Chief Information Officer of Celestica Inc., Senior Vice President, Human Resources, also of Celestica Inc. and Senior Vice President, Human Resources and Corporate Services, of Kinross Gold Corporation. Member of the Institute of Corporate Directors having completed the Directors Education Program.

Robert Engbloom

Mr. Robert J. Engbloom, QC, is Independent Director of the Company. He is Counsel, Norton Rose Fulbright Canada LLP, a national law firm in Canada and a member of the global Norton Rose Fulbright Group. Mr. Engbloom has more than 35 years of experience in the areas of mergers and acquisitions, governance, corporate and securities law. His broad experience spans a range of businesses both public and private, operating nationally and internationally, primarily in the energy industry.

G. MacDougall

Mr. G. Robert MacDougall is Independent Director of the Company. Mr. MacDougall Currently a director of TransGlobe Energy Corporation, a public oil exploration and production company whose activities are in Egypt and Canada. Mr. MacDougall is a professional engineer with close to 30 years of domestic and international oil and gas operations and senior executive management experience. Mr. MacDougall was Executive Vice President and Chief Operation Officer of Vermilion Energy Corporation from 2004 to 2012.

Glenn McNamara

Mr. Glenn A. McNamara is Independent Director of the Company. Currently the President and Chief Executive Officer of Heritage Royalty, a private fee title acreage owner company. Prior thereto, Mr. McNamara was the Chief Executive Officer and a director of PMI Resources Ltd. (formerly, Petromanas Energy Inc.), a public oil and gas company from September 2010 to May 2016. From August 2005 to August 2010, Mr. McNamara was the President of BG Canada (part of the BG Group PLC, a public gas company with its head office in the United Kingdom, trading on the London Stock Exchange). Mr. McNamara also currently serves on the board of Whitecap Resources Inc.

Ronald Miller

Mr. Ronald Douglas Miller is an Independent Director of Parex Resources Inc. Mr. Miller is Co-founder and Partner of Lorem Partners, a private equity investment firm. Director of several private companies and one non-profit. Member of the Institute of Corporate Directors having completed the Directors Education Program.

Carmen Sylvain

Ms. Carmen Sylvain serves as Independent Director of the Company. Ms. Sylvain Currently strategic advisor to the QG100 business network. Diplomat and public servant with 30 years of combined experience in foreign affairs, international trade and investment as well as major event management. Strategic Advisor to the OMERS pension fund from 2012 to 2014. Ms Sylvain was Canada's Ambassador to Colombia from 2014 to 2016 and served in Global Affairs Canada as Assistant Deputy Minister for Strategic Planning and Policy where she led the development of a Foreign Policy Plan for Canada.

Paul Wright

Mr. Paul David Wright is an Independent Director of Parex Resources Inc. Mr. Wright currently works as a financial consultant and sits on the Board of Directors of one non-profit organization. Mr. Wright is a Chartered Accountant with over 30 years of industry experience. He has worked in senior financial roles in both domestic and international oil and natural gas companies. Member of the Institute of Corporate Directors having completed the Directors Education Program.

Basic Compensation

Name Fiscal Year Total

Wayne Foo

279,413

David Taylor

2,584,350

Kenneth Pinsky

1,738,570

Eric Furlan

1,549,980

Ryan Fowler

1,344,760

Curtis Bartlett

180,870

Lisa Colnett

194,370

Robert Engbloom

235,011

G. MacDougall

192,870

Glenn McNamara

209,870

Ronald Miller

208,370

Carmen Sylvain

180,870

Paul Wright

199,370
As Of  31 Dec 2018